Flipkart ESOP payout worth $700M
Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?
nothing
Stealth
a year ago
What's your designation
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yesmonk
Stealth
a year ago
Which company should I join for this kind of payout in future?
GoodToday73
Stealth
a year ago
asking the real questions 😂
Mukeshambani
Student
a year ago
You can try joining well funded, high growth startups like LCF and many more.
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BengaluruLandLord
Stealth
a year ago
I know a friend got 5 lakh after a year
But that's all peanuts. VP in Flipkart get enough to buy 5-6 villas. And don't even get me started on SVPs
nothing
Stealth
a year ago
How much they get paid any idea ? I thought only in isa based companies vp can make millions
nothing
Stealth
a year ago
*usa
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Joined in 2019 - entry level role. stayed for a year. Got around 40k payout now
Joined Flipkart in 2021. Got 1.2 L
Office gossip: A few SVPs have bought houses in Adarsh Palm Villas worth 15cr+ each in the last week
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Lots of people seem confused how this payout works due to PhonePe and Flipkart Group (including Flipkart, Cleartrip, Myntra, etc),
Adding detailed context on this payout works below:
- This payout is a result of two events combined: (i) demerger of PhonePe from Flipkart Group (ii) solo valuation of PhonePe being higher than its valuation when it was a part of the group.
In simple terms:
- Imagine you owned a group F0 worth 100 which had several companies including a company P.
- Now P leaves the company, and is valued 40 in the market on its own.
- Meanwhile F1 (i.e. F0 without P) is valued at 80. (It decreases)
- But as per market the fair value of F0=F1+P=80+40 =120 now. (Which is 20 more than the earlier value of F0 100)
- So the original owner of F0 is given balance 20, and is left with F1 ownership worth 80.
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Got around 7L from phone pe payout. Suddenly feels like 3-4 months salary hit my bank account suddenly.
Indy
Stealth
a year ago
A friend of mine who worked from 2019-22 got 6L
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Indusplateau
Stealth
a year ago
I heard the top 10%got 20-25%of the 700mill.
Assuming, 150mil / 200=0.75mil for the top.
Distribution is like reverse pyramid
SorryYaar
Stealth
a year ago
A friend who has been with FK since 2014 got 6cr post tax
Anyone who has been in Flipkart> 4 yrs and is grade 12 and above have good good compa, easily> 40 lac
Also.a lot of stock options were offered in 2021 so a lot of people good a good opportunity to mint a few lakhs
We as a nation have come a very long way in the last 10-15 years especially in IT.
This nation could definitely use more such wealth distribution events and I wish there are lot more to come.
This really gives me joy. Thanks for sharing
Pussydestroyer69
Stealth
a year ago
I agree
Ashwatthama
Stealth
a year ago
Got around 55K!
I don't understand ESOPS fully, so please help with this. Is this extra money for being at Flipkart or the money they said they would give as ESOPs when joining the comp?
Bakwasmaal
Stealth
a year ago
Woah this is massive and congrats to all the lucky ones. correct me if I am wrong but this benefits the employees of erstwhile PhonePe(per-merger) more than Flipkart?
Bakwasmaal
Stealth
a year ago
Pre-merger*
Nope, it was of all employees of Flipkart Group prior since the Group ESOPs were combined
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ESOPs ideally help the earliest employees to make the most sum of money. And off course, the leadership roles.
There was a buy back at ShareChat which happened in 2020. A lot of early employees aren’t upwards of 50Cr(who joined in engg, PM roles). In content ops, people earned anything between 50 to 1cr(people with starting salary of 15k)… There were also very few folks who earned upwards of 100cr. I was there in the org for 2 years and got around 10 lakhs after taxes. I still have some left with me(waiting for the next buyback).
I think a lot also plays on your luck, and how the company grows is equally important. Bangalore might be the only city in India which would have made lot of millionaires at young age.
Everyone please quantify the years of working in FK and other details to help all do a relative assessment
WW
Stealth
a year ago
Got 4L after TDS. I was there for 1.5 years.
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